TechFlow reported on March 19 that, according to Fortune, blockchain infrastructure company Privy has announced a $15 million funding round led by Ribbit Capital, with participation from Sequoia Capital, Paradigm, and Coinbase. The valuation from this round has not been disclosed.
The funding brings Privy's total raised capital to over $40 million. Based in New York, Privy provides development tools for businesses looking to offer blockchain services, aiming to simplify the connection process between cryptocurrency wallets and applications or websites. Privy plans to use the funds to double its current team of 25 people within the next 18 months.
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